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Tag Archives: World aid commission

What can you do in thirteen-thousandths of a second?

08 Tuesday Jul 2014

Posted by bobdillon33@gmail.com in Uncategorized

≈ Comments Off on What can you do in thirteen-thousandths of a second?

Tags

Distribution of wealth, Exploitation, Foreign Exchange Transactions, FOUNDATIONS /FORUM THINK TANKS, Globalization, High - Frequency Trading, Inequility, Sovereign Wealth Funds, United Nations, World aid commission

A few days ago I posted a blog describing Dark Pools in which High-Frequency traders exploit the stock markets.

If you have read any of my blogs you will see that I have bleated on about Capping Greed as the only solution to tackle our world problems.

It is this type of exploitation of making money out of money without contributing a farthing to making the world a better place that has to be undone, not just greed.

I advocate that this can be done within our Capitalist System with little or no cost without causing any major ripples in World trade or World Markets and the like. Sixty five people become $ millionaires each day.

This can be done without trying to change the system for better, or worse.

How?  By applying A World Aid Commission of 0.05% at source on all Foreign Exchange Transactions of over $20,000, on all Sovereign Wealth funds Acquisitions and on all High-Frequency traders on the stock markets.

The result would be a Perpetual World Aid Fund of billions to address all our current day problems of Poverty, Inequality, Education, Health, Aid, Development, Climate change, Drug research, to name just a few.

Since capitalism is inherently a system of exploitation, theft, and since capitalists, as a class, do regularly and systematically resort to lying, brutality, torture, oppression, murder, and war to defend their scam, capitalists are not merely greedy, they are in a lot of our minds outright criminals, especially when looking at sweatshops, unsafe mines, and toxic workplaces.

We should not limit our criticisms to the cruelty and greed of capitalists, but direct it to the system itself (although obviously such capitalists have to be able to at least stomach what they are doing, which is already a strong indictment of their characters). Being able to externalize (fob off onto the public) many of the costs of production is almost a definition of capitalism, as a system of competing, profit-based, corporations, supported by nation-states.

You could say that Capitalism is condemned because it is based on the exploitation of one class by another, so that the exploiting class can enrich itself, or simply remain in power. A few get rich, while most remain poor. In fact, the few are rich precisely because the many are poor, because the wealth of the few is stolen wealth, taken from the labors of the many. It is not just that someone is getting rich, it is their getting rich at the expense of others that is the problem.

There is no way of stopping exploitation other than exposing it in all it’s forms. We are yet to have a conscience at all about the exploitation of human cultures. If it is, in reality, capitalism that is the motor force behind the destructive forms of globalization, then it must be in their capacity to neutralize or transform this particular mode of exploitation that one can best test these various forms of resistance to the problems.

A common danger tends to concord.

Communism is no better as it the exploitation of the strong by the weak. In Communism, inequality comes from placing mediocrity on a level with excellence.

It is only by portraying and exposing capitalists as the criminals they are that we can begin to break through their ideological defenses and destroy their credibility. If we were all getting rich together, and if this were accomplished without destroying the earth, it would be another thing entirely. It would either be paradise or hell on earth.

Under capitalism, just as under all previous social orders based on hierarchy and class, everyone does not get rich. The normal way is profit-making, by exploiting wage-slaves, and defending all the institutions needed to perpetuate this exploitation, through murder and war if need be.

I come now to a case that I finally have to admit is nothing but pure, unadulterated greed — the salaries of today’s crop of corporate executives. The millions they are raking in is preposterous when you look at Food banks, people sleeping on the streets, charities begging, people struggling left right and center, while politicians bend and privatize or lives.

Globally the Greens have arisen like a spontaneous combustion, a reaction to the narrow-minded state-backed exploitation of resources and wealth for a few at the expense of the many.

So what can we achieve in a blink of an eye. Remembering that we share  one-third of our DNA with lettuce we can only hope that the other two-thirds can see the light.

We can unite into one voice to demand a 0. 05% World Aid Commission by Sponsoring a world Peoples mandate to be passed by the United nations on behalf of all of us and the earth we all live on of put in place such a Commission.

 

 

 

 

 

 

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WE HAVE ALL HEARD OF BLACK HOLES BUT HOW ABOUT A DARK POOL

06 Sunday Jul 2014

Posted by bobdillon33@gmail.com in Uncategorized

≈ Comments Off on WE HAVE ALL HEARD OF BLACK HOLES BUT HOW ABOUT A DARK POOL

Tags

Dark Pools, Distribution of wealth, FOUNDATIONS /FORUM THINK TANKS, Globalization, Sovereign wealth fund, World aid commission

 

Dark Pools are generally operated by banks, they are supposed to be a safe way for institutional investors to execute block trades without worrying that their transactions will move market prices.

Another way to make money out of money just for the sake of profit.

Off-exchange venues have mushroomed in the past several years along with high-frequency trading, a twin development that demands more scrutiny.

Today, more than a third of equity trading in the United States and Europe is done outside the public exchanges, and most major banks run dark pools, including Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS and Barclay’s.

Powerful computers, some housed right next to the machines that drive marketplaces like the New York Stock Exchange, enable high-frequency traders to transmit millions of orders at lightning speed and, their detractors contend, reap billions at everyone else’s expense before the deal is completed.

Powerful algorithms — “algos,” in industry parlance — execute millions of orders a second and scan dozens of public and private marketplaces simultaneously. They can spot trends before other investors can blink, changing orders and strategies within milliseconds.

Those small payments, spread over millions of shares, help high-speed investors profit simply by trading enormous numbers of shares, even if they buy or sell at a modest loss.

High-frequency traders generated about $21 billion in profits last year. But with some 40 percent of stock trades now occurring off-exchange, there is mounting evidence that the shift is obscuring the true prices of stocks, raising the cost of trading and, by extension, damaging investor confidence.

In recent days it has being claimed banks covered up predatory high-speed trading in dark pool operations. Barclays being named as one enriching its pockets at the expense of investors. There is no reason to believe that this kind of wrong doing is limited to Barclay so financial regulators are to impose more transparency which is a complete Jock.

I can hear you saying what is got to do with me. A profit is a Profit whether is honest or not.

However the question must be asked, is there such a thing as an honest profit with the Internet becoming a critical platform for international trade in the 21st Century.

The cross-border flow of information is increasingly providing a vast range of economic opportunities that if realized will drive innovation, invention and productivity growth. At the same time as the significant economic potential of the Internet is beginning to be more fully realized, governments are increasingly intervening in the operation of the Internet in order to address challenges such as from cyber crime and ensuring data privacy.

Over 2.3 billion people have access to the Internet and this figure is expected to grow to five billion by 2020. The Internet has the potential to change how international trade is conducted.

The words ‘to make money’ hold the essence of human morality…Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers who claim your product by tears, or of the looters who take it from you by force. Money is made possible only by the money. Not an ocean of tears not all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow …

Your wallet is your statement of hope that somewhere in the world around you there are men who will not default on that moral principle which is the root of money.

What I consider to be evil about Dark Pools, algorithms,  high-frequency trading is that they all generate profits for those that don’t need more profit.

They do so without contributing one iota to the problems facing all of us now and in the future.

This is why me must capture Greed at it source.

To place a 0.05% World Aid Commission on all such transactions over $20,000.  It will cost us nothing but it can only be achieved by all of us demanding it. ( See previous Blogs)

There is no use sitting under your energy-saving light bulb with a shopping bag for life. If you want to do some think spread the word. I can guarantee you it will make you feel a lot better.

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Thank you for your response. ✨

 

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JUST LOOK WHAT COULD BE ACHIEVED IF WE RE-FOCUS GREED TO MAKE A CONTRIBUTION TO THE WORLD

17 Saturday May 2014

Posted by bobdillon33@gmail.com in Uncategorized

≈ Comments Off on JUST LOOK WHAT COULD BE ACHIEVED IF WE RE-FOCUS GREED TO MAKE A CONTRIBUTION TO THE WORLD

Tags

Current world problems, Distribution of wealth, G 8, Greed, United Nations, World aid commission

 

 

There is (or now it might be better to say there has always been) an ill-conceived policy ( promoted only by the rich) that if you put in place policies that help the wealth to become wealthier it will somehow benefit us all.

Down throughout THE AGES this has proven to be a fraud.

However Conventional rich or power wisdom’s seldom, collapse on their own.

They collapse only when challenged by advocates for change that trust forward initiatives that expose the bankruptcy of the conventionally wise.

The world needs NOW MORE THAN EVER to re- focus greed that is holding a lock-grip over our economies and democracies.

Just think what could be achieved with a 0.0O5%  UP TO 0.5% WORLD AID COMMISSION IF APPLIED TO ALL STOCK EXCHANGE TRANSACTIONS IN THE WORLD.

Every day trillions of dollars change hands in currency exchange, share dealings and more complex financial
products like futures, derivatives and so on.

The market in these transactions has exploded over recent years and all the transactions together constitute an amazing 75 times global GDP.

Often, the trading is done by computers which react to small shifts in price, and money, shares and exotic financial products change hands many times an hour, all over the world. Most of the trading is speculative and serves little useful purpose –indeed it can harm companies, livelihoods and even whole national economies, as the Asian financial crisis in the 1990s did.

Such a tiny commission (0.005% to 0.5%) on each of the millions of financial transactions that take place every day would provide a new source of finance to pay for a range of desperately needed changes to our world of inequalities.

It would change the very face of capitalist Democracy.

Helping to deliver the Millennium Development Goals and tackling the challenge of climate change.

It would be far more progressive than other tax rises as it would ensure that those with the broadest shoulders contribute most to the cost of the economic recovery.

It would be easier to collect because all the financial transactions to be taxed are conducted
or registered electronically. A minor change to computer programs would deduct the commission at source and direct it straight to the Fund. This has been tested by supportive financial institutions, and already operates in many share transactions.

It would enable the establishment of Rapid Aid Centers around the world in case of Natural Disasters. Fully funded, fully equipped, fully maned, able react at the drop of a hat.

The daily volume of business deals on the Foreign exchange markets in 1998 was estimated to be over $2.5 trillion dollars. Now it well above $5 trillion. This is just Foreign Exchange.

Small currency transactions could be exempted from taxation (and at 0.005%, you’d pay £1 on every £20,000
you changed – some holiday money!

Add on small share transactions, although they’re already taxed at 0.5% – and pension funds would pay the tax, but they tend to hold shares for many years:

The people who would really pay the commission would be speculators like hedge funds, sovereign wealth funds and merchant banks who buy and sell shares every hour.

Just Imagine.  

How could this be achieved, who would managed the fund, how would we ensure transparency, avoid corruption, and political manipulation etc, I will address in my next blog.

It is my firm belief that this initiative is the only viable solution to present day world problems. If you agree or have some useful observations or comments let’s hear them.

 

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